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EIA drops 2025 oil demand growth by 300,000 barrels per day
1728484719 from OIL&GAS
… Russia’s supplies of crude oil to China in July … limited purchases by refiners. Oil deliveries via pipelines and … the EIA forecast that oil prices for Brent crude, one of the … anticipating that OPEC+ production cuts will decrease global oil reserves as …
Rig getting new lease on life as water injection unit for more sustainable oil recovery
1728484338 from OIL&GAS
… to optimize reservoir pressure, enhance oil recovery rates, and reduce … reservoir pressure and bolster oil recovery in a less … sustainable water management in oil and gas operations. The new job … -edge solutions in the oil and gas industry but also reaffirms …
Low Oil Production Threatens Nigeria’s Local Refiners, Export Capabilities
1728483210 from OIL&GAS
… to stakeholders in the oil and gas industry. The danger under … unresolved At the inaugural Crude Oil Refinery-Owners Association of … Tuesday October 8, both crude oil producers and Refinery operators … refinery though applauded the crude-naira sale policy of …
Top Kazakh oil field hits record output amid tensions with OPEC+, sources say
1728482329 from OIL&GAS
… its OPEC+ quota. OPEC+ has named top 10 global oil producer … 's oil production quota under the OPEC+ deal stands … sources said, complying with OPEC+ quotas might become problematic … OPEC will release estimates of its members' September oil output …
Palm oil is ahead of Malaysian supply-demand reports
1728481929 from OIL&GAS
… of global vegetable oil market, palm oil monitors the price … hold foreign currencies. The oil prices lost their early gains Wednesday … Brent crude futures fell 0.16% to 1049 GMT. Palm oil is … feedstock due to the weaker crude oil futures. A leading industry …
Natural Resources Minister Alexander Kozlov: Companies focusing on geological exploration in oil- and gas-rich areas, additional exploration of deposits in Russia
1728481786 from OIL&GAS
… The country has huge oil and gas reserves, but vast prospective … voluntarily reducing oil production as part of the OPEC+ deal. … any significant impact of the OPEC+ deal on the Russian … prospects for developing the oil and gas province in northern Krasnoyarsk …
Tanker Vessels Flock to Guyana as Oil Exports Soar 58%
1728481017 from OIL&GAS
… contributes 1.3% of crude tankers’ global cargo volumes … Year-to-date, global crude tanker loadings increased by 163 … billion oil-equivalent barrels of recoverable oil and natural gas has been … main areas of oil supply growth outside OPEC+,” says Rasmussen.
Oil prices deflate on war volatility
1728480319 from OIL&GAS
… that would really impact the oil equations. Crude oil prices have been experiencing volatile … WTI crude is near the $74 mark. This volatility in oil prices is … oil supply continue to keep market participants on edge. The recent OPEC …
EIA Slashes Forecasts of Oil Demand Growth and Oil Prices in 2025
1728479682 from OIL&GAS
… to lead to lower Brent crude oil prices in 2025. Non-OECD … as it slashed its Brent oil price forecasts for 2025 due to … its forecast for the Brent crude oil spot price through the … last month’s STEO. Lower crude oil prices in the forecast “largely reflect …
GenH2 to Attend World Space Week Expo on October 11, 2024 at the Kennedy Space Center Visitor Complex
1728478800 from OIL&GAS
Company will Educate Visitors About Liquid Hydrogen Use in Space and Advanced Clean Energy TITUSVILLE, FL, UNITED STATES, October 9, 2024 /EINPresswire.com/ -- GenH2, a leader in hydrogen infrastructure technology solutions, announced today that …
U.S. crude oil drifts lower, trades below $74 per barrel after selloff
1728478497 from OIL&GAS
… an Israeli strike disrupts Iranian crude oil production, according to a Tuesday … . Year to date, U.S. crude oil has gained more than 2% … has fallen nearly 2%. Natural Gas November contract: $2.695 per … 1.39%. Year to date, gas is ahead about 7%.
Canada spending three times more backing oil and gas than renewables, says think tank
1728478413 from OIL&GAS
… by continuing to subsidize oil and gas. Canada spent 0.16 … dollars of government subsidies for oil, gas and coal created only one … up the award of oil and gas drilling permits to levels … Canada this year granted oil and gas licenses that could release …
Letter to the editor: Leaders must curb pollution from oil, gas
1728478333 from OIL&GAS
… in methane pollution from oil and gas production. The consequences … impacts occurring along with oil and gas production. We cannot … emissions and hold the oil and gas industry accountable for … that limit pollution from oil and gas production. Together, we …
Azerbaijani State Oil Fund revenue from ACG and Shah Deniz profitable oil and gas sales down 22.6% to $4.97 bln in 9M 2024
1728477067 from OIL&GAS
… - Revenues to the State Oil Fund of Azerbaijan (SOFAZ) … from the sales of profitable oil from the Azeri-Chirag-Gunashli … (ACG) block and profitable gas and condensate from the Shah … told Interfax. Sales of profitable oil from the ACG block decreased …
Oil slips as strong supply counters Middle East and hurricane risk
1728475791 from OIL&GAS
… China, the world’s largest crude importer. Oil prices: War premium is back … North America. U.S. crude oil stocks rose by nearly 11 … belies the war premium in oil prices at present, but it … dismiss what will happen to oil prices if Israel does the unthinkable …
Government focuses on oil and gas exploration in eastern Indonesia
1728475487 from OIL&GAS
… focusing on conducting upstream oil and gas exploration in the eastern … American multinational oil and gas corporation. The project could increase oil lifting, … upstream oil, gas investment Related news: PHE explores potential of upstream oil-gas industry …
Libya Decision to Resume Oil Exports Represents Unique Market Opportunity
1728474063 from OIL&GAS
… Libya to benefit from higher oil prices, potentially increasing revenue significantly … could either significantly raise oil prices or cause strategic shifts … per day of Iranian crude oil exports, as well as … day of condensate exports. “OPEC+ now holds a spare …
Morning Bid: Braced for Milton as oil recoils, China retreats
1728472604 from OIL&GAS
… in Florida and a recoiling oil price in the face of … saw oil prices fall back sharply on Tuesday - as crude clocked … the previous session. Annual oil price moves continue to clock losses … 6-month interruption without an OPEC offset, occurring within the …
Crude oil futures rebound after Tuesday’s fall
1728471737 from OIL&GAS
… bring down fears about crude oil supply disruptions from the … October. According to API, crude oil inventories in the US increased … barrels. Official data on crude oil inventories in the US is … ending October 4. October natural gas futures were trading at ₹ …
Crude Oil Volatile Amid Geopolitical Tensions - What Traders Need to Watch
1728471533 from OIL&GAS
… moves in both crude and Brent oil prices didn’t last … the $78 while the crude oil prices are near the $74 … the technical perspective, the crude oil price continues to trade below the … oil supply continue to keep market participants on edge. The recent OPEC …
China Markets Plunge, Europe Edges Higher, Crude Oil Maintains Premium After Selloff - Global Markets Today While Us Slept
1728470581 from OIL&GAS
… at 06:00 AM ET Crude Oil WTI was trading higher by … ;bbl. Despite weak demand expectations, oil prices ticked higher, fueled by Middle … and potential impacts on oil demand. Natural Gas was down 1.13% …
Iraq's North Oil Company advances BP contract negotiations to boost Kirkuk oil production
1728468674 from OIL&GAS
… the Iraqi Ministry of Oil to develop oil wells, conduct surveys … other surveys related to oil reservoirs and gas emissions from wells. … 1, aimed at developing oil and gas fields in Kirkuk. The … to enhance oil production and investments in gas and solar …
Oil markets may draw strength from Middle East flare-up, China stimulus
1728467050 from OIL&GAS
… had a limited impact on oil prices as refineries and other infrastructure … OPEC+ survey by Commodity Insights. Despite US sanctions, Iran's crude … OPEC+ will adopt amid rising Middle East tensions. Expectations of a crude …
Political interference tops concerns in oil and gas sector – Deloitte
1728463154 from OIL&GAS
… – financing and investing in oil and gas, the regulatory landscape and sustainability … players would enhance financing for oil and gas. Approximately 60 percent believe … tax exemptions could help independent oil and gas companies become more competitive …
Paint companies fret about oil prices. But there are bigger worries ahead.
1728462547 from OIL&GAS
While rising crude oil prices are a concern, analysts … the long run while crude oil prices will dictate more sporadic … “Paint stocks were overbought when oil prices went below $70 (per … oil price movements are getting out now," Thakur said. If Brent crude …
Oil Market Sinks on Possible Israel-Hezbollah Ceasefire
1728461937 from OIL&GAS
… the last week. The oil price rally began after Iran launched … was unlikely and warned oil prices could face considerable downward … forcing at least one oil and gas platform in the Gulf … American Petroleum Institute (API), crude oil inventories in the US rose …
Oil and gold retreat as fears of a widening Middle East war diminish
1728459628 from OIL&GAS
… backed Lebanese military group. Oil futures retreated 4% after surging … believe the retreats in crude and gold prices are … induced buying hype. However, oil and gold prices stabilised … determining factor for oil markets. However, oil prices are often tied …
Call for £1.9bn a year to help oil and gas workers move into clean energy
1728459421 from OIL&GAS
… year to support offshore oil and gas workers and communities through … training fund for offshore oil and gas workers, to be matched … biggest union representing offshore oil and gas workers, Unite, as … pocketed record profits while oil and gas workers bear the …
Falling oil prices help stock indexes pick up steam
1728458897 from OIL&GAS
… . stocks rebounded Tuesday after falling oil prices released some of the pressure … was a sharp drawdown in oil prices. They gave back some of … barrel of benchmark U.S. crude, meanwhile, fell 4.6% to … end of Wall Street were oil-and-gas companies, which gave back …
Mantashe appeals for investment into South Africa’s oil and gas potential
1728457276 from OIL&GAS
… into South Africa's oil and gas potential. He urged investors … of South Africa's oil and gas reserves. ALSO READ: Plans … at the 30th annual African Oil Week conference underway in … the country's offshore oil and gas reserves, particularly in light …
Middle East Tensions Could Push Oil Prices to Highest Levels Since Summer
1728457135 from OIL&GAS
… demand. Oil Prices Fell over 4% on Tuesday Brent crude futures fell … interruptions thus far. Crude oil prices. Source: Tradingeconomics.com"Oil can keep ascending … thus far. Crude oil prices. Source: Tradingeconomics.com"Oil can keep ascending …
Africa Energy Bank: A lifeline for oil and gas funding amid climate concerns
1728454407 from OIL&GAS
… to fund its burgeoning oil and gas resources as climate … develop without using their oil and gas resources, and because … existing levels of greenhouse gas emissions, they had the … ambitious projects, the East Africa Crude Oil Pipeline (EACOP), which when …
T&T needs to end love affair with oil and gas
1728454094 from OIL&GAS
… West’s point on increased gas production by 2027, Gopee- … agreement with Venezuela to export gas from the Dragon field. Economist … would have access to the gas, which essentially allows our … energy is generated from coal, oil and gas, even with the uptick …
Is Russia’s shadow tanker fleet really circumnavigating oil sanctions?
1728450570 from OIL&GAS
… Russian and international global oil and gas companies, says in … Russian crude oil has been sold below the oil price cap … the international transportation of crude oil dedicate all of their … Much of these countries’ crude transportation business is handled by …
$11.2 million dollar grant set to assist Kern County oil and gas workers
1728444057 from OIL&GAS
… grant is set to assist oil and gas workers in Kern County … comparable to the ones in oil and gas. Brandon Evans with the … fits between folks leaving the gas and oil industry, and moving into … from. Layoffs in the oil and gas sector began about three months …
Oil Falls as US Crude Stocks Swell, Traders Weigh China Stimulus
1728437422 from OIL&GAS
… industry report showed US crude stockpiles swelling by about … ’s oil fields, and Iran has continued exporting crude from … Heightened geopolitical risks have supported oil prices and appear likely to … manager Pierre Andurand saying crude could surge $10-$15 …
Oil futures lower after API data show big increase in US crude stocks
1728434533 from OIL&GAS
Investing.com -- U.S. crude oil futures were lower in post- … to U.S. energy infrastructure. Crude Oil WTI Futures, the U.S … at $73.57 a barrel. Oil prices were heavily pressured by easing … ceasefire with Israel. U.S. crude inventories increased by about 10 …
Mills: EIA expects oil and natural gas prices to riseAlex Mills
1728426668 from OIL&GAS
Crude oil and natural gas prices were flat … end of this year. Crude oil prices on the New York Mercantile … have increased, causing oil prices to fall, OPEC+ production cuts mean less … year.” Meanwhile, the oil and gas industry representatives were critical …
No panic on crude oil prices, enough oil available globally: Hardeep Puri
1728411033 from OIL&GAS
… dismissed concerns about crude oil supply disruptions stemming … assured. When asked about crude oil prices, Puri played down … oil availability at over 102 million barrels per day even after OPEC … ’s cuts. “Price is determined by the amount of crude oil …
MLG speaks about education during oil, gas industry meeting
1728409574 from OIL&GAS
… of oil and gas in the country. The taxes from oil and gas production … spoke at the New Mexico Oil and Gas Association 2024 annual meeting … now, our economy, including oil and gas – so thank you very much …
Oregon county sues major gas provider for allegedly sowing climate doubt
1728409216 from OIL&GAS
… the 2021 temperature surge. Oil and gas companies, which fuel … the climate dangers of gas. Gas is primarily made of … supports climate deception lawsuits. “Gas utilities have been significant … “astroturfing” community support for gas. NW Natural declined to …
Flue Gas Desulfurization System Global Market 2024 To Reach $26.25 Billion By 2028 At Rate Of 6.0%
1728408839 from OIL&GAS
… ;flue-gas-treatment-systems-global-market-report Gas And Oil Pipeline … /report/gas-and-oil-pipeline-leak-detector-global … -market-report Gas Detection … /report/gas-detection-equipment-global-market- …
Gear Oil Market Size, Share, Revenue, Trends, and Drivers For 2024-2033
1728407677 from OIL&GAS
… , Kemipex Group, Lukoil Oil Company, Gulf Oil Corporation Limited, Pennzoil Company … By Base Oil: Mineral Oil, Synthetic Oil, Semi Synthetic Oil, Bio Based Oil 3) By … End User: Manufacturing, Construction, Agriculture, Oil And Gas …
Global Gas Treatment Market Size, Share, And Growth Analysis For 2024-2033
1728407676 from OIL&GAS
… And Mining, Food And Beverages, Oil And Gas, Sugar Geographical Insights: North … ;report/oil-and-gas-global-market-report Oil And Gas Supporting Activities Global … #47;oil-and-gas-supporting-activities-global-market-report Oil And Gas Pumps Global …
Olive Oil Producers’ Room Announces Olive Oil Price for this Season
1728406605 from OIL&GAS
Tunisia is a leading producer of olive oil, boasting a count of 100 million olive trees, Najat Saidi, President of the National Chamber of Olive Producers in Tunisia, told Tunisia Numérique on Tuesday, October 8, 2024. Saidi added that the Chamber and the …
How one startup is making cleaner asphalt by decarbonizing natural gas
1728405479 from OIL&GAS
… because we split apart natural gas into clean hydrogen and … Hydrogen. Natural gas is a cleaner fuel than oil, but it … would normally use their natural gas. The system first separates … NW Natural, formerly Northwest Natural Gas. Modern Hydrogen is backed …
Crude oil futures sell off after surging on Middle East war risk
1728405469 from OIL&GAS
… by hitting Iran's crude industry. President Joe Biden, however … is down about 2%. Natural Gas November contract: $2.745 per … , little changed. Year to date, gas is ahead more than 8% … in 2025. In early September, oil prices hit their lowest level since …